Insurance Wording Specialist in London
Insurance Wording Specialist

Insurance Wording Specialist in London

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
Wise May Ltd

At a Glance

  • Tasks: Ensure compliance in policy wordings and collaborate with various teams.
  • Company: Join a global leader in insurance and reinsurance.
  • Benefits: Enhanced pension, life insurance, income protection, and private medical insurance.
  • Why this job: Make a real impact in the insurance industry while developing your skills.
  • Qualifications: Experience in insurance wordings and strong analytical skills required.
  • Other info: Enjoy hybrid working with opportunities for professional growth.

The predicted salary is between 36000 - 60000 £ per year.

Wise May is recruiting for an Insurance Wordings Specialist with London Market insurance experience to join a global insurance and reinsurance provider, to ensure legal and regulatory compliance within policy wordings, clauses, contracts and endorsements. This is a full time, permanent position with hybrid working (4 days in the office and 1 day remote).

Policy Wordings Specialist duties and responsibilities:

  • Collaborate with Underwriters, Legal, Compliance and other teams to provide advice and guidance on policy language, coverage and potential risks.
  • Ensure documents are legally and regulatorily compliant and align with regulatory standards, market practice and binding authority agreements.
  • Create and upload policy wordings, clauses, and endorsements to reflect underwriting intent, regulatory requirements, and company standards.
  • Develop and maintain libraries of approved template wordings and clauses.
  • Actively monitor and analyse regulatory developments and market trends.
  • Deliver training sessions to internal teams on best practices for wordings and documentation.

Policy Wordings Specialist key skills and experience required:

  • Proven experience in insurance wordings and contract drafting in the London Market.
  • Lloyds wording knowledge is highly desirable.
  • In-depth knowledge of insurance products and contract law with proficiency in interpreting complex concepts.
  • Effective relationship management and stakeholder engagement skills, confident in engaging with colleagues across different business departments and representing the business at market forums.
  • Strong analytical skills, with proficiency in analysing requests, identifying potential issues and proposing appropriate solutions.
  • Able to manage and take responsibility for own workload, effectively coordinating multiple priorities.
  • A high degree of accuracy and attention to detail.
  • Able to work in and contribute to the team.
  • A good communicator, with the ability to act in a professional manner.

Benefits:

  • Enhanced pension
  • Life insurance
  • Income protection
  • PMI

Insurance Wording Specialist in London employer: Wise May Ltd

Wise May is an exceptional employer, offering a dynamic work environment that fosters collaboration and professional growth. With a strong focus on employee well-being, the company provides enhanced pension schemes, life insurance, and income protection, alongside a hybrid working model that promotes work-life balance. Joining this global leader in insurance and reinsurance not only allows you to engage with industry experts but also empowers you to contribute meaningfully to compliance and regulatory standards in the London Market.
Wise May Ltd

Contact Detail:

Wise May Ltd Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Insurance Wording Specialist in London

✨Tip Number 1

Network like a pro! Reach out to your connections in the insurance industry, especially those with London Market experience. A friendly chat can lead to insider info about job openings that aren't even advertised yet.

✨Tip Number 2

Prepare for interviews by brushing up on your knowledge of Lloyds wordings and regulatory compliance. We want you to feel confident discussing policy language and coverage options, so practice articulating your thoughts clearly.

✨Tip Number 3

Showcase your analytical skills! During interviews, be ready to share examples of how you've tackled complex issues in past roles. We love hearing about your problem-solving abilities and how you’ve contributed to team success.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always on the lookout for candidates who are passionate about insurance and eager to make an impact.

We think you need these skills to ace Insurance Wording Specialist in London

Insurance Wordings
Contract Drafting
London Market Experience
Lloyds Wording Knowledge
Insurance Products Knowledge
Contract Law
Analytical Skills
Relationship Management
Stakeholder Engagement
Problem-Solving Skills
Attention to Detail
Workload Management
Communication Skills
Team Collaboration

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Insurance Wording Specialist role. Highlight your experience in the London Market and any relevant skills that match the job description. We want to see how you fit into our world!

Showcase Your Knowledge: Don’t just list your qualifications; showcase your knowledge of insurance products and contract law. Use specific examples from your past work to demonstrate your expertise. This will help us see your potential impact on our team.

Be Clear and Concise: When writing your application, be clear and concise. We appreciate straightforward communication, especially when it comes to complex concepts. Make it easy for us to understand your points without unnecessary jargon.

Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!

How to prepare for a job interview at Wise May Ltd

✨Know Your Stuff

Make sure you brush up on your knowledge of insurance wordings and contract law, especially in the London Market. Familiarise yourself with Lloyd's wording and be ready to discuss how you've applied this knowledge in past roles.

✨Showcase Your Collaboration Skills

Since the role involves working closely with Underwriters, Legal, and Compliance teams, prepare examples that highlight your experience in cross-departmental collaboration. Think about specific projects where you successfully navigated different perspectives to achieve a common goal.

✨Stay Updated on Regulations

Demonstrate your awareness of current regulatory developments and market trends. Bring up recent changes in legislation or market practices during the interview to show that you're proactive and engaged in the industry.

✨Practice Your Communication

As a Policy Wordings Specialist, you'll need to communicate complex concepts clearly. Practice explaining intricate insurance terms in simple language, and be prepared to discuss how you've delivered training sessions or presentations in the past.

Insurance Wording Specialist in London
Wise May Ltd
Location: London

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